We Are One Seven LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,700 shares of the business services provider’s stock, valued at approximately $285,000.
Other large investors also recently modified their holdings of the company. Fort L.P. purchased a new position in shares of Rollins during the second quarter worth approximately $122,000. Flagship Harbor Advisors LLC purchased a new position in Rollins during the second quarter valued at approximately $174,000. TLP Group LLC purchased a new position in Rollins during the first quarter valued at approximately $204,000. Suntrust Banks Inc. purchased a new position in Rollins during the first quarter valued at approximately $208,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Rollins during the second quarter valued at approximately $217,000. 38.05% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on ROL. Zacks Investment Research raised shares of Rollins from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Gabelli began coverage on shares of Rollins in a report on Monday, September 17th. They set a “hold” rating and a $51.00 price objective on the stock. Stifel Nicolaus reissued a “hold” rating and set a $55.00 price objective (up from $50.00) on shares of Rollins in a report on Saturday, August 18th. Finally, Sidoti began coverage on shares of Rollins in a report on Wednesday, June 27th. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.60.
Shares of ROL stock opened at $56.15 on Friday. The company has a market cap of $13.24 billion, a P/E ratio of 64.54, a price-to-earnings-growth ratio of 5.65 and a beta of 0.27. Rollins, Inc. has a 52-week low of $42.82 and a 52-week high of $64.39.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The business had revenue of $480.46 million for the quarter, compared to analysts’ expectations of $470.15 million. Rollins had a net margin of 11.36% and a return on equity of 31.66%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. As a group, equities analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.
Rollins Company Profile
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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